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Pakistan’s total debt to GDP shrinks

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ISLAMABAD, Pakistan: The Ministry of Finance has said that Pakistan’s total debt to Gross Domestic Product (GDP) has decreased to 83.50% on June 30, 2021 from 87.6% on June 30, 2020.

In response to some media reports, the ministry said that it is clarified that the debt has increased in line with the fiscal deficit.

However, the positive development is that Pakistan’s total debt to GDP has decreased to 83.50% of GDP on June 30, 2021 from 87.6% on June 30, 2020.

The ministry said that both domestic and external debts have depicted a downward trend from last year.

The finance ministry said that the domestic debt has declined to 55.1% of GDP from 56% last year.

Similarly, the external debt to GDP has been recorded at 28.5% of GDP from 31.6% last year.

It is pertinent to mention that the best way to evaluate the debt trend is through the debt to GDP measure.

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